Douglas Research Insights

Douglas Research Insights

Korean Regulators to Create a Two-Tier KOSDAQ Market

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Douglas Kim
Mar 18, 2026
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  • On 18 March, the Korean financial regulators announced that they are seeking to create a two-tier KOSDAQ market.

  • KOSDAQ will be divided into two tier system, including the premium market for large companies and the standard market for promising companies.

  • The introduction of a two-tier KOSDAQ system would have significant implications for valuation dynamics, raising valuations of companies included in the premium market and lowering valuations in standard market.

Number of companies and market caps of KOSPI and KOSDAQ exchange (as of 18 March 2026; Source: Korea Exchange)

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